@Brian directional bps was my bread & butter in 2020 and i have since switched entirely for collecting premium to this strategy of low delta short puts on index. The directional rotations every day are killer for swing trades even using bps, as the low IV gives no buffer from the bps mechanic like in 2020 IV levels. The rotations however are great for day trades, and also great for keeping the indices floating higher so collecting premium on the index is viable. It’s not optimal with vix this low, and that mechanic is combated with time.
September 26, 2022
Mini Lessons September 26, 2022